Eurozone Q4 labour cost report now out

  • +1.1% prev
  • wages 1.5% vs +1.4% prev

Softer than expected but better than previous so a step in the right direction at least.

The Labour Cost Index measures the change in the price businesses pay for labor, excluding overtime. It is a leading indicator of consumer inflation.

EURUSD 1.1275 still holding the gains from the earlier dip into the 1.1250 support/demand.